Glencore, Canada Near Deal to Save Threatened Copper Facility
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(Bloomberg) — The governments of Canada and Quebec are pushing to save the country’s only copper smelter after Glencore Plc threatened to shut it down over new pollution-control requirements.
US Job Market Likely Thawed Out This Month After February Chill
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(Bloomberg) — US employment probably rebounded in March after one of the biggest pullbacks in payrolls since the pandemic, extending a string of volatile readings.
Stocks Fall, Oil Rises on Fears War Is Escalating: Markets Wrap
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(Bloomberg) — Wall Street traders drove stocks to their longest weekly slide since 2022 on concern that a protracted war in Iran will keep oil prices elevated, fueling an increase in inflation and a slowdown in growth.
Biggest Euro-Zone Price Jump Since 2022 Seen in First G-20 Data
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(Bloomberg) — The euro zone suffered the biggest inflation jump this month since Russia invaded Ukraine in 2022, according to economists assessing the fallout from war in the Middle East.
Federer’s Made-in-Asia On Sneakers Win Right to Display Swiss Cross
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(Bloomberg) — Roger Federer has flown the flag for Switzerland on and off the tennis court for decades. Now the shoes that bear his name can also legally do the same.
Novartis to Buy Excellergy in Deal Worth Up to $2 Billion
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(Bloomberg) — Novartis AG agreed to buy biotech firm Excellergy Inc. for as much as $2 billion, as it tries to strengthen its portfolio of treatments for food allergies and other immunology conditions.
Rolex’s Highly Popular ‘Pepsi’ Model Soars in Secondary Market
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(Bloomberg) — One of Rolex’s most popular models — the steel GMT Master II, with a red-and-blue “Pepsi” bezel — is soaring in the secondary market ahead of a key watch industry annual event amid speculation it’s been discontinued.
Selloff in Stocks Gains Speed on Ceasefire Doubts: Markets Wrap
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(Bloomberg) — Skepticism that the US and Iran will reach a ceasefire any time soon pushed oil higher while sending stocks and bonds down, extending a month of volatile trading since the war began.
Stocks Rise, Oil Falls as Truce Prospects Weighed: Markets Wrap
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(Bloomberg) — Stocks and bonds rose while oil fell as traders weighing the viability of US-Iran ceasefire talks sent markets to a series of swings.
Airport Wait Times Worst in History After 480 Officers Leave
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(Bloomberg) — The Transportation Security Administration warned that airport security is under severe strain as a weeks-long Department of Homeland Security funding shutdown drives staffing shortages, long wait times and mounting disruptions across the US.
AI Use in Switzerland Isn’t Destroying That Many Jobs Yet, SNB Says
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(Bloomberg) — Most Swiss companies don’t see artificial intelligence prompting job cuts at present, with the main focus of losses so far within areas such as consulting, the Swiss National Bank said.
Switzerland to Soften Capital Ordinance in UBS Win, BofA Says
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(Bloomberg) — New bank capital rules to be presented by the Swiss government next month will likely be less severe on UBS Group AG than the current proposals, according to Bank of America analysts.
Federer-Backed On to Be Led by Founders as CEO Steps Down
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(Bloomberg) — On Holding AG co-founders Caspar Coppetti and David Allemann will take over as co-chief executive officers in May as the Swiss sports brand looks to maintain its fast growth.
How a Dirty Money Trail From Venezuela to Iran Brought Down a Swiss Bank
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(Bloomberg) — Each time he landed a six-figure commission for his tiny Swiss bank, Paul-Michel von Merey was known to thunder through the open-plan office close to Lake Zurich, loudly ringing a cow bell in celebration.
Oreo-Maker Mondelez Joins Rush to Tap Swiss Franc Bond Market
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(Bloomberg) — Mondelez International, Inc. is tapping the Swiss franc bond market for the first time, joining a flurry of international firms turning to the currency for debt.
UK Inflation Stayed at 3% in Weeks Leading Up to Iran War
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(Bloomberg) — UK inflation held at an 11-month low before the war in Iran sent motor fuel costs soaring and threatened to deliver another shock to household finances.
Stocks Pare Drop on Hormuz Hopes as War Drags On: Markets Wrap
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(Bloomberg) — Wall Street traders grappling with a range of possible outcomes for the war in Iran drove stocks away from session lows amid hopes for talks to end a conflict that kept dragging on. Oil rose. Bonds fell.
SNB Touts Record Number of New Bonds and Issuers on Swiss Market
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(Bloomberg) — The Swiss franc bond market set records in both new issuances and number of issuers last year, according to a senior central bank official.
UK-Swiss Trade Agreement Hinges on Market Access, Data and IP
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(Bloomberg) — A new free-trade agreement between the UK and Switzerland must overcome issues such as data regulation, intellectual property and access to service-sector companies, the Swiss government said while stressing that talks are “well advanced.”
World Economic Forum Postpones Saudi Conference Amid Iran War
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(Bloomberg) — The World Economic Forum is postponing an upcoming conference in Saudi Arabia, the latest example of a high-profile event affected by the Iran war.
